Ken Sweet, Author at Valley News

FILE - This July 21, 2012, file photo shows signage at the corporate headquarters of Equifax Inc., in Atlanta. Equifax will pay up to $700 million to settle with the Federal Trade Commission and others over a 2017 data breach that exposed Social Security numbers and other private information of nearly 150 million people. The proposed settlement with the Consumer Financial Protection Bureau, if approved by the federal district court Northern District of Georgia, will provide up to $425 million in monetary relief to consumers, a $100 million civil money penalty, and other relief. (AP Photo/Mike Stewart, File)

Equifax to pay $700M in data breach settlement

by Sarah Sell The Associated Press, and Ken Sweet The Associated PressJuly 22, 2019

WASHINGTON — Equifax has agreed to pay $700 million, potentially more, to settle with the federal authorities and states over its 2017 data breach that exposed the Social Security numbers and other private information of nearly 150 million people,…

FILE - In this June 6, 2019, file photo specialist John Parisi, left, works with traders on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, July 12. (AP Photo/Richard Drew, File)

Stocks climb to records on hopes for lower interest rates

by Ken Sweet AP Business WriterJuly 12, 2019

FILE- This May 11, 2012, file photo, shows a Capital One Bank office, in New York. All 18 of the nation's largest and most complex banks are strong enough to withstand a severe economic downturn and would be able to stay in business without collapsing, the Federal Reserve said Friday, June 21, 2019. Capital One, which has a large commercial banking business, was the most negatively impacted by the Fed's scenario but still remained more than well capitalized under the Fed's qualifications (AP Photo/Mark Lennihan, File)

Fed says largest banks would survive crisis, in latest tests

by Ken Sweet AP Business WriterJune 21, 2019

FILE - In this April 10, 2018, file photo, a customers uses a credit card machine to pay for food at Peli Peli Kitchen in Houston. Owner Thomas Nguyen had a change of heart after transitioning one of his three Peli Peli South African fine dining restaurants and his Peli Peli Kitchen fast casual location to a no-cash policy. (AP Photo/David J. Phillip, File)

As cashless stores grow, so does the backlash

by Alexandra Olson AP Business Writers, and Ken Sweet AP Business WritersApril 13, 2019

FILE- This April 2, 2014, file photo, shows the headquarters of student loan debt collector Navient Corporation, in Wilmington, Del. One of the nation’s largest student loan servicing companies may have driven tens of thousands of borrowers struggling with their debts into high-cost repayment plans. That’s the finding of a Department of Education audit of practices at Navient Corp., the nation’s third-largest student loan servicing company. (William Bretzger/The News Journal via AP, File)

Audit: Loan Provider Deceptive

by Ken Sweet AP Business WriterNovember 20, 2018

FILE - This June 21, 2018 file photo shows chief operating officer of Goldman Sachs David Solomon in Beijing. Goldman Sachs announced Tuesday, July 17, Lloyd Blankfein will retire as CEO and chairman on Sept. 30, and be replaced by Solomon. (AP Photo/Andy Wong, Pool)

Goldman Sachs CEO to Retire After 12 Years in Charge

by Ken Sweet AP Business WriterJuly 18, 2018

FILE - In this Nov. 2, 2015, file photo, Elizabeth Holmes, founder and CEO of Theranos, speaks at the Fortune Global Forum in San Francisco. Federal prosecutors said Friday, June 15, 2018, they have indicted Holmes on criminal fraud charges for allegedly defrauding investors, doctors and patients as the head of the once-heralded blood-testing startup Theranos. (AP Photo/Jeff Chiu, File)

Theranos CEO Accused of Fraud

by Ken Sweet AP Business WriterJune 16, 2018

Mick Mulvaney speaks during a news conference after his first day as acting director of the Consumer Financial Protection Bureau in Washington, Monday, Nov. 27, 2017. (AP Photo/Jacquelyn Martin)

Trump Pick Wins Fight Over Consumer Agency

by Jessica Gresko The Associated Press, and Ken Sweet The Associated PressNovember 28, 2017

FILE - This Jan. 4, 2010 file photo shows an entrance to a Wall Street subway station in New York. Shares fell Friday, Nov. 4, 2016, in Europe and Asia as nervous investors fretted over the potential outcome of next week's nail-bitingly close U.S. presidential election. Investors also were awaiting the release of U.S. employment data.
(AP Photo/Mark Lennihan, File)

Election Concerns Rattle the Markets

by Ken Sweet AP Business WriterNovember 6, 2016

FILE - In this July 6, 2015 file photo, American flags fly at the New York Stock Exchange on Wall Street. Stocks fell in early trading in Europe on Friday, Sept. 16, 2016, led by banks as Deutsche Bank shares tumbled following news the U.S. Justice Department is seeking a $14 billion settlement over its dealings in mortgage-backed securities before the 2008 financial crisis. (AP Photo/Mark Lennihan, File)

Stocks Decline, Hurt By Declines in Banks

by Ken Sweet AP Business WriterSeptember 17, 2016